GBP/JPY rises over 1.0% as political instability weighs on the Yen – FXStreet

The GBP/JPY pair has increased by more than 1.0% due to political instability affecting the Japanese Yen. This rise in the exchange rate is a result of uncertainty surrounding Japan’s political situation. Investors are turning to the British Pound as a more stable option, causing the Yen to weaken. As a result, the GBP/JPY pair has seen a significant increase in value. This shift in the currency market highlights the impact of political instability on exchange rates.